Day Trading Gold

Day Trading Gold, using GC chart on Ninja Trader 7

[caption id="attachment_6443" align="alignleft" width="300"] gold chart[/caption]

Day Trading Gold Weekly Chart

Will gold go lower? Well, on weekly chart we can see that gold got a very nice Ret. so far. Gold price fill the Gap, but was not able to pass 200MA on weekly chart. Look at buyers volume on last week. Not much, very low in buyers commitment. Buyers was also not able to pass Bearish trend line last week.     [caption id="attachment_6444" align="alignright" width="300"] day trading gold[/caption]

Day Trading Gold ; 1440 min chart

On this chart we can see that gold hit 50% Ret. Fibonacci. my Targets are my blue line for Short position and 200MA fo [...]

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GBPUSD Forex

GBPUSD Forex , Using 6B Futures Contract

[caption id="attachment_6437" align="alignleft" width="300"] Forex trading GBPUSD[/caption]

GBPUSD Forex Direction & Targets

This is an Update on last post on GBPUSD Targets&Direction. After few days,we can buyers having hard time to pass this first 50% Ret. Fibonacci and the 50MA. Right now GBPUSD price are between my Green Trend line and 50MA. Is in a consolidation and should break out very soon. I'm more likely to go for a short one, because Sellers are under my Brown Area line and 50MA. And in last few days buyers din't have the same commitment as they did on past move UP. Short:1.5103 -1.5047 - 1.498  Long:1.5377 - 1.5483 - 1.5551

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Day Trading SP500

Day Trading SP500 : Last week we finally start to see sellers get in the game everywhere. Next week we will test few important resistance on different index. For now, I will just focus on SP500 US Index.

[caption id="attachment_6425" align="alignleft" width="300"] S&P500[/caption]

Day trading SP500 Weekly chart Using ^SP-500 Chart

Since December 2012, Is a first time we see sellers candlestick with strong volatility. ~1550 price, are important for next week. For 5 weeks already, sellers try to close under this price, but every time fail to break this support. And every time  they show more and more commitment to close under this price. On buyers side there no commitment anymore. Normally  when sellers fail many time to close under certain price, buyers will use this opportunity to bring price at new highs with strong commitment. But this time we don't see this anymore....Probably at this point, Investors have no more money to invest anymore :)..they realizing price are to High?  :) [caption id="attachment_6426" align="alignleft" width="300"] s&p500 chart[/caption] On [...]

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AUDUSD FX H&S

AUDUSD FX H&S on 1440min , using 6A Futures Contract charts

[caption id="attachment_6419" align="alignleft" width="300"] forex[/caption]

AUDUSD FX H&S , Update on last 2 posts

After buyers fail to stay above 1.0460 area, sellers jump in Market, and drop 6A price till my 2nd Shoulder. On volume, we can see how strong was sellers, 2x more volume than average time. 200MA: One thing very interesting, 2nd shoulder are supported by 200MA on daily chart. What will happen next? I have few major scenario that you may see happen. 1st: Long till top : Buyers will take this opportunity to bring 6A price, back to 50MA (also my 1st Long Target).At this level, buyers need to pass 50MA, and close above with strong volume and volatility. once they pass 50MA, is a one way to retest my 2nd and 3rd targets. 2nd: Bounce and Short: Buyers take control for a short term, till 50MA, fail to pass. You will see in buyers volumes,  sellers will get in the market and need to break in [...]

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Gold Trading - All is gold, does not glitter, Sellers in control

Gold Trading - All is gold, does not glitter, Sellers in control.  

Let's get to the gold charts. Remember, when selling occurs in gold and there is volume there is fear in the market that will normally cause the selling to continue. Gold sellers have moved in. There is a lot of different stories out there as to the timing of gold prices and the selling of Gold by Cyprus. Sort of a punitive measure for them using their only capitol reserve to pay off Banks that didn't know when to stop lending. Too bad once they sell then they will have no real Capital Reserves. 1478 looks like the short term support.  Watch as sellers can either panic or pull back for a small retracement to 1500. Once 1478 is broken the next major support is 1381. A more logical support will be the psychological support that will come in at 1400.

Gold Trading and ETF GLD

GLD the Gold ETF is showing the same weakness with a thin bid giving sellers push in this market. Downside support is 142. but looking for a Gap down to around 140.50.  The next major support if it breaks here is 136 to 138 area.  Watch this at the open as another influence in the over night is some support in the Japanese Yen pushing the Dollar index up. Watch yourself as this is a volatile market, it is best not to trad [...]

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Forex AUD/USD

Forex AUD/USD trading, Direction & Target Using Futures 6A.

[caption id="attachment_6405" align="alignleft" width="300"] aussie[/caption]

Forex AUD/USD Trading , 1440min chart

We are in Bullish trend line. On 1st move up, buyers had low volume, and weak movement. Sellers took this opportunity to bring Aussie Price back to MA50. Strong volume but weak movement from sellers. After Sellers test MA50 and fail to pass, with so much volume, buyers get organize and bring Aussie price to new high. [caption id="attachment_6406" align="alignright" width="300"] aud/usd[/caption]

Forex Aud/USd Trading , 60min chart.

I use 60min chart, to clearly see that we are in a small consolidation. What I'm watching for, is who will control my "Green / Red" zone, and if sellers will pass my "important buyers support" My Targets are Green line, and Red Line, depending on witch direction you will take. For my self, even if I'm both on this one, will prefer Long position for now.

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End of Yen Sell OFF?

Japanese Yen (6J Futures Contract) show that we are at lowest level since 2009.

[caption id="attachment_6396" align="alignleft" width="300"] japanese yen[/caption] As you can see, we have a very nice buyers resistance at 0.010070. will 6J keep losing value in long term? Can't tell you, but what I can , it is a great opportunity to trade 6J. What I'm Looking for now ,is buyers taking this opportunity to bounce at this level, and retest Sellers Support. [caption id="attachment_6397" align="alignright" width="300"] japanese yen[/caption] Since, most of the time Sellers was in Total Control, I suggest to trade Yen on very short time-frame. For now I will use 60minutes chart. After Buyers showing some good momentum to keep moving Long, I'm looking to see buyers take a break, and let sellers bring price at 0.010130 - 0.010110 . At this level , we should have a nice trade Long. My targets will be 0.010148,MA50 and my 2 Red line. To take trade long, sellers should not close under any of my green trend lin [...]

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Markets running to highs - SP500 futures trading

Markets running to highs - SP500 futures trading

The S&P500 emini futures Chart is showing an extension to 1607. Using the swing low from 1030 to 1391 and extending from the swing low at 1243, the 100% extension for a Fibonacci extension would be 1597 to 1607 range. We are looking at the weekly chart on the S&P500 emini futures and we can see how the price action fits into the extension profile as the second move up from 1243 peaked around 1465 and then retrace to the 50 Moving Average. A weekly candlestick range for buyers can range to 70 points like the one on January 4th. Watch for this to keep direction in to the weekend. The only news that could be in the way is N. Korea, Europe (especially Holland), and  of course the Japanese bond market. Quantitative easing keeps the direction.  Remember, trend is your friend...(Until May)

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GBP/USD Day Trading

GBP/USD Day Trading Using Futures Contract 6B

[caption id="attachment_6379" align="alignleft" width="150"] British Pound day trading[/caption] GBP/USD Day Trading 1440min chart On this chart I add another 50% Ret. of Fibonacci . Right now, we are testing my 2nd Fib. It may be a good call for short trade , buyers who wasn't able to close above 50MA. I'm looking to see sellers get in market in next hours, and bring GBP/USD price at my 1st red area. witch is the double bottom also on short term. If sellers can't keep GBPUSD price under my brown line( 1.527) , I'm looking for buyers to go directly to the 1st Fib. If it happen, Buyers will be exhausted once they reach  this level (1st Fib),and it will be a great call for short trade.

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AUD/USD Day Trading

AUD/USD Day Trading using Futures Contract 6A

[caption id="attachment_6373" align="alignleft" width="150"] aud/usd trading[/caption]

AUD/USD Day Trading Weekly Chart

1.0360, is the price  Aussie never close above for few months. Right now Aussie are looking to make an H&S ( Head and Shoulders pattern). After failing to keep price above 1.0360 , Aussie price start to fall. the second shoulder should be at the same price as 50MA. I'm looking for AUD/USD price bounce at this level. [caption id="attachment_6372" align="alignright" width="150"] aud/usd day trading[/caption]

AUD/USD Day Trading 480min Chart

Here we have an "M" pattern. Right now, we are in a consolidation zone, and even better Aussie price are between MA50 and MA200. Depending if we bound or pass the double bottom of "M" pattern w [...]

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Natural Gas Day Trading

Natural Gas Day Trading, Update on my last post of 04-04-2013

[caption id="attachment_6367" align="alignleft" width="150"] NG trading[/caption]

Natural Gas Day Trading

On last trade I was looking Natural Gas hit to my 2nd or 3rd target and then was looking for sellers get in the market or buyers keep moving up. On this move UP , volume from buyers was great, and look to be committed to keep move up. I don't see any sellers is why I recommend to wait to see who will take control of 4.15 and 4.0$. area. 50MA: Look like, 50MA are very nice support for buyers on Natural Gas. I will wait one week till the end of the week to make a new call on Natural Gas.

I use same system to trade any commodity/Stocks/Currency/Index. For those who are interested to take the course, contact us for more information.

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Trading Crude Oil

Trading Crude Oil , using E-mini Futures QM Chart

[caption id="attachment_6361" align="alignleft" width="150"] crude oil trading[/caption]

Trading Crude Oil Pennant

On Weekly QM chart we can see buyers fail to close or stay above 200MA. And from sellers side, they fail to pass bullish trend line. For next movement, I'm both Short And Long.But more likely to go for a short one. [caption id="attachment_6360" align="alignright" width="150"] Crude Oil trading chart[/caption]

Trading Crude Oil 1440min Chart

This is a big picture of what is going on. Sellers showing lots of commitment, but have hard time to pass my orange area (fight zone). Cyan Line: This trend line was a support for sellers, and my Reversal point to take a short trade. But for this time, I don't see this trend line act as reversal, but more likely to act as a [...]

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Natural Gas Day Trading

Natural Gas Day Trading Update, using Futures NG 05-13

[caption id="attachment_6355" align="alignleft" width="150"] Natural Gas Direction & Targets[/caption]

Natural Gas Day Trading Update, using 1440min chart

On last post of Natrural Gas, I mention that I was looking to see Natural Gas go back to blue line ( price 3.8 to 3.6 price. What happen so far? NG go down till 3.8 price , about 23% down and Sellers test 3.890 price, buyers support , and wasn't able to close under. During next day, I would like to see buyers go back to my 2nd or 3rd target. At this level, buyers should not have enough strength and sellers will get in the market and finally go retest 3.7 price. But if buyers succeed , they will create a new strong support between 4.15 and 4.0$. Long Targets: 3.99 - 4.06 - 4.14 Short Targets : 3.91 - 3.84 - 3.74

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Day Trading Market

 

 Day trading Market ,using Vix to show market volatility

[caption id="attachment_6346" align="alignleft" width="150"] day trading vix[/caption]

Day trading Market , VIX monthly chart

I put this monthly chart if Vix, to show you a big picture. The Red are, is everything below 20 points.For me is area where market is toff to trade as Swing trader or Day trader. As you ca see, we still in bearish movement on long term.13.00 - 12.70 points is a resistance for sellers to bring market volatility lower and keep market low. Last 3 months , we try to close under this resistance. Sellers keep try again and again, and even if they fail at the end of the months, they still pushing ViX at lower level. So what that mean? For me...stay away from the market right now, at least from Stocks.  Is why I start to post more about other Commodity and Currency. (is a good part of market...when one index are in hight risk and out of "good profits"  there are always something to trade )   [caption id="attachment_6347" align="alignright" width="150"][...]

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